Pitney Bowes Inc (PBI)
Current ratio
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Total current assets | US$ in thousands | 1,317,950 | 1,691,920 | 1,798,020 | 1,892,050 | 2,112,560 |
| Total current liabilities | US$ in thousands | 1,672,730 | 1,730,410 | 1,727,800 | 1,727,940 | 1,870,460 |
| Current ratio | 0.79 | 0.98 | 1.04 | 1.09 | 1.13 |
December 31, 2024 calculation
Current ratio = Total current assets ÷ Total current liabilities
= $1,317,950K ÷ $1,672,730K
= 0.79
The current ratio of Pitney Bowes Inc has been showing a decreasing trend over the years, declining from 1.13 in December 31, 2020, to 0.79 in December 31, 2024. A current ratio below 1 indicates that the company may have difficulties meeting its short-term obligations with its current assets. This downward trend could potentially signal liquidity challenges or inefficiencies in managing current assets and liabilities. It is essential for Pitney Bowes Inc to closely monitor and improve its current ratio to ensure its short-term financial health and ability to cover immediate financial obligations.